Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 10.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,685 shares of the aerospace company’s stock after buying an additional 254 shares during the quarter. Focus Financial Network Inc.’s holdings in Lockheed Martin were worth $1,305,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Sapient Capital LLC boosted its stake in shares of Lockheed Martin by 4.7% during the 4th quarter. Sapient Capital LLC now owns 4,174 shares of the aerospace company’s stock worth $2,028,000 after purchasing an additional 189 shares during the last quarter. Principle Wealth Partners LLC lifted its stake in shares of Lockheed Martin by 1.9% during the fourth quarter. Principle Wealth Partners LLC now owns 7,318 shares of the aerospace company’s stock valued at $3,556,000 after buying an additional 138 shares during the period. Soltis Investment Advisors LLC boosted its position in Lockheed Martin by 42.5% during the fourth quarter. Soltis Investment Advisors LLC now owns 13,935 shares of the aerospace company’s stock worth $6,772,000 after acquiring an additional 4,159 shares during the last quarter. Elevate Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $796,000. Finally, Savant Capital LLC raised its holdings in Lockheed Martin by 6.8% in the 4th quarter. Savant Capital LLC now owns 9,910 shares of the aerospace company’s stock valued at $4,815,000 after acquiring an additional 631 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several analyst reports. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Wells Fargo & Company decreased their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $449.69 on Wednesday. The firm has a fifty day moving average of $483.39 and a 200-day moving average of $535.46. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $105.85 billion, a P/E ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, analysts predict that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s payout ratio is currently 59.30%.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.